Relic Technologies Ltd Faces Selling Pressure with 7.16% Monthly Loss Amid Ongoing Declines

Relic Technologies Ltd is currently facing significant selling pressure, with the stock showing only sellers today. This trend marks a continuation of losses, as the stock has experienced declines over the past few days. In the latest trading session, Relic Technologies reported a performance drop of 0.62%, contrasting sharply with the Sensex, which gained 1.00%.
Over the past week, the stock has seen a marginal decline of 0.01%, while the Sensex rose by 1.53%. The monthly performance reveals a more pronounced downturn for Relic Technologies, with a decrease of 7.16% compared to the Sensex's modest gain of 1.27%.

Despite its impressive long-term performance, including a staggering 432.56% increase over the past year, the recent trend indicates a potential shift. The stock is currently underperforming its sector by 0.56%. Notably, it has fallen after two consecutive days of gains, suggesting a possible trend reversal. While the stock remains above its 100-day and 200-day moving averages, it is currently below its 5-day, 20-day, and 50-day moving averages, indicating a shift in momentum.